China to Regulate Gold Import, Export

[Fellow]China's central bank is entitled to impose restrictive examinations on gold and gold production, according to a guideline issued on Mar 19.

[Ferro-Alloys.com] China's central bank is entitled to impose restrictive examinations on gold and gold production, according to a guideline issued on Mar 19.

In accordance with macro control, the People's Bank of China (PBOC) demands that all the gold and gold production listed in the guideline has a certificate issued by the PBOC or its branches for customs clearance.

Only a legal person or organization with no illegal records in the last two years can apply for gold import and export permits, except for charitable donations, according to the PBOC.